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Hong Kong Prepares Sweeping Rules to Foil Stealthy Crypto Purchases bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Dotted across Hong Kong are small shops that convert between cash and crypto with few questions asked, a modern-day echo of the city’s freewheeling past. Soon, many may shut under a looming crackdown. Officials estimate 450 shops, automated teller machines and websites in Hong Kong offer such services. They are… ....
The implosion of JPEX is likely to make the public more cautious about investing in cryptocurrencies, but sentiment may improve in the long run, experts say. ....
The JPEX scandal, which is suspected to have ensnared at least 2,305 victims involving about HK$1.43 billion (US$182 million) of investments, has dealt a heavy blow to public trust in cryptocurrencies, casting a shadow over Hong Kong's ambitions to become a global virtual asset hub. The implosion of JPEX, which could turn out to be the largest financial fraud in the city's history, has rung alarm bells among local retail investors, creating near-term challenges for virtual asset companies bankin ....
JPEX crypto fraud casts shadow over Hong Kong nascent policy — Daily Tribune tribune.net.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.net.ph Daily Mail and Mail on Sunday newspapers.